When levies are not paid on time, it may lead to cash flow issues and delays in essential maintenance or services. Here’s a look at the main reasons behind late or unpaid levies and practical strategies to manage these.
The Common Causes of Body Corporate Levy Arrears Read More »
Over time, however, low levies often come at a price. What may initially seem like a financial advantage can lead to a poorly maintained building, unexpected financial burdens, and even decreased property values.
Why low levies are not always better Read More »
The body corporate is legally obligated to recover all levies from lot owners, as these funds are essential for covering the operational costs of the property. If you fail to pay your levy invoice by the due date, the body corporate will take steps to recover the overdue amount.
What Happens if I Don’t Pay My Levies? Read More »
Unforeseen financial difficulties can make it challenging to meet your property committments. If you find yourself unable to pay your body corporate levies, here are some steps to take and information to consider.
What If I Can’t Pay My Body Corporate Levies? Read More »
One critical factor influencing levy payments is the number of lots within the scheme. This article looks at how the size of a scheme influences levy contributions and the implications for lot owners.
Why the size of the scheme matters when it comes to levies Read More »
Understanding how your individual levy amount is calculated can help you appreciate where your money goes and ensure transparency in the management of your community. Here’s a breakdown of the aspects involved in calculating levy amounts.
How your individual levy amount is calculated Read More »
Keeping levies as low as possible, without compromising the quality and consistency of services and maintenance, can be challenging, but is achievable with a proactive approach from the committee and the residents at large.
10 ways to keep body corporate levies in check Read More »
In this article, we look at the basics of body corporate budgeting, including how the budgets are prepared and approved, where and how the money is spent, and what you can do if you believe the budgets and levies are excessive or not enough.
The basics of body corporate budgeting Read More »
With every owner in a body corporate obligated to contribute to levies, these often become the yardstick for comparison – whether between neighbours in the same complex, or friends and family living suburbs away.
Why are my levies higher than my neighbours? Read More »
In this article, our goal is to dispel the top 5 myths surrounding body corporate levies. By gaining a deeper understanding of these crucial financial contributions, we can foster less resistance to collection and necessary increases.
The top myths about body corporate levies Read More »
